The required APR is 56.01%.
The annual percentage rate (APR) is the cost of borrowing money expressed as a yearly percentage. It provides a more comprehensive picture of a loan's cost than the interest rate alone. It includes the interest rate, as well as any discount points or other costs.
A good APR is around 16%, which is the current credit card average. Individuals with poor credit may only have access to higher-interest credit cards. Some consumers with good credit may be able to obtain cards with interest rates as low as 12%.
Alan Cohl obtained an installment loan for $3,560.
His financecharge is $308.56, and he will make 18 monthly payments.
We know that
Annual percentage rate = monthly rate x 12
Now, the total interest
= 308.56 x 18 - 3560
= $1994.08
and, monthly interest = 1994.08/12 = 166.173
Also, the monthly rate = 166.173/3560 =4.7%
Thus, the APR = 4.7 x 12
APR = 56.01%
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What is the interquartile range of the data?
2
3
4
6
the interquartile range of the data is:
4
We are given a data set as:
0, 2, 4, 0, 2, 3, 2, 8, 6
On arranging the data in the ascending i.e. increasing order is given by:
0 0 2 2 2 3 4 6 8
The minimum value of data set=0
Maximum value of data set is: 8
Range of data set= Maximum value-Minimum value
i.e. Range= 8-0
i.e. Range= 8
Also, Median of set is the central tendency of the data and is given by:
Median= 2
Lower set of data is:
0 0 2 2
Hence, The median of lower set of data is the lower quartile or first quartile.
i.e.
Hence,
Hence, Lower quartile=1
Similarly upper set of data is:
3 4 6 8
Hence, The median of upper set of data is the upper quartile or third quartile.
i.e.
Hence,
Hence, Upper quartile=5
Hence, the interquartile range(IQR) is given by:
IQR=Upper quartile-Lower quartile
IQR=5-1
IQR=4
B
The ratio surface area of toy A : surface area of toy B is 7:9
The volume of toy B is 20 cm
I
Work out the volume of toy A.
Give your answer correct to 3 significant figures.
The volume of toy A will be equal to 13.7 cubic centimetres.
An ordered pair of numbers a and b, represented as a / b, is a ratio if b is not equal to 0. A proportion is an equation that sets two ratios at the same value.
The numerical relationship between two values demonstrates how frequently one value contains or is contained within another.
Given that the ratio surface area of toy A: to the surface area of toy B is 7:9. The volume of toy B is 20 cm
The computation of the volume of toy A is shown below:
7 × k²=9
k²= 9 ÷ 7
k=√(9 ÷ 7)
k = 1.133893419
Now
The volume of toy A = 20 ÷ 1.133893419³
The volume of toy A = 13.7 cubic centimetres
Therefore, the volume of toy A will be equal to 13.7 cubic centimetres.
The missing figure is attached with the answer below.
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Answer:
13.7
Step-by-step explanation:
7*k²=9
k²=9/7
k=√9/7
k=1.133893419
20/1.133893419³=13.7